Build-A-Bear Workshop (NYSE:BBW) to Repurchase $100.00 million in Stock

Build-A-Bear Workshop (NYSE:BBW) declared that its board has approved a share repurchase program on Wednesday, September 11th, RTT News reports. The company plans to repurchase $100.00 million in shares. This repurchase authorization permits the specialty retailer to reacquire up to 23.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BBW. Northland Securities increased their target price on Build-A-Bear Workshop from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, August 30th. StockNews.com upgraded Build-A-Bear Workshop from a “hold” rating to a “buy” rating in a research report on Monday, September 2nd.

Build-A-Bear Workshop Trading Down 1.1 %

NYSE BBW opened at $30.92 on Friday. The company has a market capitalization of $427.01 million, a PE ratio of 8.86 and a beta of 1.56. Build-A-Bear Workshop has a 1-year low of $21.24 and a 1-year high of $34.80. The firm’s fifty day simple moving average is $27.65 and its 200-day simple moving average is $27.63.

Build-A-Bear Workshop (NYSE:BBW) last announced its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.07. Build-A-Bear Workshop had a return on equity of 38.01% and a net margin of 10.36%. The business had revenue of $111.80 million during the quarter, compared to analyst estimates of $107.90 million. During the same period in the previous year, the company earned $0.57 EPS. As a group, analysts predict that Build-A-Bear Workshop will post 3.72 EPS for the current year.

Build-A-Bear Workshop Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, September 26th. This represents a $0.80 dividend on an annualized basis and a yield of 2.59%. Build-A-Bear Workshop’s payout ratio is currently 22.92%.

Insider Buying and Selling at Build-A-Bear Workshop

In other Build-A-Bear Workshop news, CEO Sharon Price John sold 41,034 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $25.99, for a total transaction of $1,066,473.66. Following the completion of the transaction, the chief executive officer now owns 515,004 shares of the company’s stock, valued at approximately $13,384,953.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.90% of the company’s stock.

About Build-A-Bear Workshop

Build-A-Bear Workshop, Inc operates as a multi-channel retailer of plush animals and related products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Direct-to-Consumer, Commercial, and International Franchising. Its merchandise comprises various styles of plush products to be stuffed, pre-stuffed plush products, and sounds and scents that can be added to the stuffed animals, as well as range of clothing, shoes and accessories, and other toy and novelty items, including family sleepwear.